Announcing Songcoin - Invest in Music

[hdmediaservices]

Right - but there are only 45k buys above 250 satoshis.  At the rate this coin is being mined -- they will all be fulfilled in a matter of hours. 

Perhaps some of the high priced sellers will re-evaluate their pricing.  Or maybe the miners will actually start to hold onto their coins.  Hash-to-Coins -- one of the biggest pools for Songcoin does not auto sell Songcoin into BTC -- which is a good thing.

This is fun to watch I admit…  It is like alt-coin trading 101.

[Pab]

I already have bught abve 400 sat,and have buy orders around 400,hash is going down

[hdmediaservices]

I already have bught abve 400 sat,and have buy orders around 400,hash is going down

According to Hash-to-Coin -- it is going up.

[Pab]

I already have bught abve 400 sat,and have buy orders around 400,hash is going down

According to Hash-to-Coin -- it is going up.

http://altcoinguys.blockexperts.com/song  3.389436358  gH/s

[Pab]

I already have bught abve 400 sat,and have buy orders around 400,hash is going down

According to Hash-to-Coin -- it is going up.

http://altcoinguys.blockexperts.com/song  3.389436358  gH/s

kind of game,more coins on sell wall above 500sat

[hdmediaservices]

Right - that has always been weird on updating.  Hash-to-Coins is indicating their POOL hash of 4581 Mh/s.  Then they say the coin's NET hash is 3606 Mh/s.

[sp495]

Right - but there are only 45k buys above 250 satoshis.  At the rate this coin is being mined -- they will all be fulfilled in a matter of hours. 

Perhaps some of the high priced sellers will re-evaluate their pricing.  Or maybe the miners will actually start to hold onto their coins.  Hash-to-Coins -- one of the biggest pools for Songcoin does not auto sell Songcoin into BTC -- which is a good thing.

This is fun to watch I admit…  It is like alt-coin trading 101.

What other miners do is their own business. If they just dump for btc they might lose out on market activity. I'm mining a little and being patient with the market.  Agreed it is fun to watch.

[hdmediaservices]

This seems like a coin to mine and hold to 900 to 1000 sats -- as it will probably go back up in price in a few weeks.

[Pab]

This seems like a coin to mine and hold to 900 to 1000 sats -- as it will probably go back up in price in a few weeks.

to 1000 sat can be backovernight,to 5000 llike one week maximum

it  is small  rollercoaster

[hdmediaservices]

Time will tell for sure!

[Cryptock]

songcoin is getting mad attention now!

[Pab]

 Diff 59.44954909

[hdmediaservices]

Woe - there goes the party.  LOL  That was a quick change.  A lot of hashing power made the blocks fly by fast.  Now it will be unprofitable to mine unless someone artificially buys at 900 sats or so.

[Pab]

Nice ,short party ,still 4.760957758 gH/s
now real dramma will ongoing on profit coin and pay coin,cloud mining scams,5 jen,is deadline for profit cin,next wave will be asset coins propably

[martinyin]

now we are facing another awkward time. diff has been driven by hash-to-coins to skyhigh, and price has dropped to hell low.

last time diff retarget was on block 52920, this time it was on block 55440, i guess the diff retarget interval is 2520 blocks?

[hdmediaservices]

Yeah the difficulty re-targets every 2016 blocks. 

The "developers" will have to continue to bankroll this coin (as they did 2 days ago) -- buying coins artificially high for a long period of time to get this moving and keep it moving.

Definite market manipulation going on here, as every miner didn't decide all of a sudden to start mining this coin at a high difficulty -- until -- the "man behind the mask" put an order in to buy 45k+ coins at almost 1000 sats each.  Once that got eaten up, then the difficulty changed to a lower value and miners continued to gobble every other buy quickly until the difficulty shot up again to even higher than before.

Or another theory is that a good portion of the pool hash was coming from the developers and they were just mining and then buying back their own coins to create market volume.  I dunno - what other pool has Songcoin with such a high hashrate besides Hash-to-Coins?  There was easily 3Gh/s coming from somewhere else.

[Pab]

Wish you good fortune in 2015
http://www.reverbnation.com/rachellorin

[Pab]

Yeah the difficulty re-targets every 2016 blocks. 

The "developers" will have to continue to bankroll this coin (as they did 2 days ago) -- buying coins artificially high for a long period of time to get this moving and keep it moving.

Definite market manipulation going on here, as every miner didn't decide all of a sudden to start mining this coin at a high difficulty -- until -- the "man behind the mask" put an order in to buy 45k+ coins at almost 1000 sats each.  Once that got eaten up, then the difficulty changed to a lower value and miners continued to gobble every other buy quickly until the difficulty shot up again to even higher than before.

Or another theory is that a good portion of the pool hash was coming from the developers and they were just mining and then buying back their own coins to create market volume.  I dunno - what other pool has Songcoin with such a high hashrate besides Hash-to-Coins?  There was easily 3Gh/s coming from somewhere else.

Man in the mask,It has to be Zorro

[minerpage]

Yeah the difficulty re-targets every 2016 blocks. 

The "developers" will have to continue to bankroll this coin (as they did 2 days ago) -- buying coins artificially high for a long period of time to get this moving and keep it moving.

Definite market manipulation going on here, as every miner didn't decide all of a sudden to start mining this coin at a high difficulty -- until -- the "man behind the mask" put an order in to buy 45k+ coins at almost 1000 sats each.  Once that got eaten up, then the difficulty changed to a lower value and miners continued to gobble every other buy quickly until the difficulty shot up again to even higher than before.

Or another theory is that a good portion of the pool hash was coming from the developers and they were just mining and then buying back their own coins to create market volume.  I dunno - what other pool has Songcoin with such a high hashrate besides Hash-to-Coins?  There was easily 3Gh/s coming from somewhere else.

Man in the mask,It has to be Zorro

Zorro is Robin Hood... coins for the people... Happy New Year... hopefully some good action this year

[Pab]

Yeah the difficulty re-targets every 2016 blocks. 

The "developers" will have to continue to bankroll this coin (as they did 2 days ago) -- buying coins artificially high for a long period of time to get this moving and keep it moving.

Definite market manipulation going on here, as every miner didn't decide all of a sudden to start mining this coin at a high difficulty -- until -- the "man behind the mask" put an order in to buy 45k+ coins at almost 1000 sats each.  Once that got eaten up, then the difficulty changed to a lower value and miners continued to gobble every other buy quickly until the difficulty shot up again to even higher than before.

Or another theory is that a good portion of the pool hash was coming from the developers and they were just mining and then buying back their own coins to create market volume.  I dunno - what other pool has Songcoin with such a high hashrate besides Hash-to-Coins?  There was easily 3Gh/s coming from somewhere else.

Man in the mask,It has to be Zorro

Zorro is Robin Hood... coins for the people... Happy New Year... hopefully some good action this year

There are Italians who are goingto launch in first Q 2015 a kind of financial system with his own digital currency,mining of that currency will be through searching the network,so free coins for all ,no more pay for hash